Property group Shepherd Cox has acquired its 16th hotel, adding the Jersey Arms near Bicester to its portfolio following a deal brokered by Colliers International.
The firm plans to increase the number of rooms from 20 to around 25 by converting some of the meeting rooms and will look at adding another storey to the existing extension.
Peter Brunt, hotels director at Colliers International, said the Jersey Arms had been on the market for the first time in 30 years with offers of around £1 million invited for the freehold.
“The Jersey Arms is perfectly placed for visitors heading for the Cotswolds or shoppers ready for a rest after a day at the nearby shopping outlet. Built as a Coaching Inn on a busy crossroads, the Jersey Arms offers the new owners an opportunity to drive much more food and beverage trade through the delightful public rooms,” Brunt comments.
Company director Nick Carlile said: “We have properties all over the North of England but the Jersey Arms offers plenty of potential to build on a sound business.”
Shepherd Cox has developed a group of assets worth £40m in sectors including healthcare, hotels, leisure, and residential – and mainly operates in the north of England.
The Jersey Arms’ prime location west of Bicester just off the M40 convinced the property group to venture south and add the inn – just five minutes from the Bicester Village shopping outlet.
In the past 36 months, Shepherd Cox has, alongside its investment partners, expanded its hotel portfolio – and currently offers upwards of 600 rooms across the country.
Peter commented: “Our client owned the business for more than 30 years, and for many years focused upon bedroom trade as the main stay of the business. After such a good stint at the helm, retirement beckons, giving energetic new owners the opportunity to take the business forward.”
The Jersey Arms includes a bar with eye-catching fireplace, a restaurant seating up to 40 as well as 20 letting bedrooms including six king, three suites, six standard doubles, two twin and three single rooms.
There is easy access to the M40 motorway just to the east and to the west are Banbury and the ever-popular Cotswolds with their unlimited visitor attractions.